An additional 481 million USD in foreign direct investment (FDI) landed in the southern province of Binh Duong in Quarter I, representing a year-on-year increase of 19 percent.
Binh Duong (VNA) – An additional 481 million USD in foreign direct investment (FD♒I) landed in the southern province of Binh Duong in Quarter I, representing a year-on-year increase of 19 percent.
Of the total capital, 356 million USD came from newly-registered projects and 125 million USD from adjusted-capital projects. Eighty-eight percent of the investment was poured into local industrial zones.
To achieve the result, the locality paid a lot of attention to building and developing relations and promoting international investment. This included the establishment of cooperative ties with Eindhoven city of the Netherlands, the province of East Flanders (Belgium) and Deagu city (the Republic of Korea).
Last year, Binh Duong province welcomed 106 foreign delegations who came to study the province’s business climate. At the outset of 2016, the province also signed cooperative agreements with the Netherlands’ Emmen and Hoovegeen cities and their enterprises.
In addition to addressing any difficulties and enhancing enterprises’ production, through dialogues with businesses and sectors, the province also provides prompt external services for businesses investing in the locality.
Binh Duong is now home to 26 industrial parks, covering a total area of 8,800 hectares. The average occupancy rate is 65 percent. Some 2,625 FDI enterprises are operating in the locality with a total registered capital of more than 24.1 billion USD.
The locality plans to lure 1.4 billion USD in FDI in 2016. It vowed to continue to improve the local business climate and provincial Competitiveness Index by giving further support to investors, stepping up administrative reforms and ensuring social welfare.-VNA
The People’s Committee of southern Binh Duong province on March 4 granted the first investment licenses of 2016 to 32 foreign direct investment (FDI) projects and one domestic investment project, wort
A delegation from the Netherlands went on a fact-finding tour of the southern province of Binh Duong on March 9 to seek investment opportunities in the locality.
The Netherlands’ Twiceans International Law Firm and the Becamex Law Firm of southern Binh Duong province on March 9 signed a cooperation agreement for 2016-2020.
The southern province of Binh Duong enjoyed a trade surplus of more than 1.2 billion USD in the first quarter, with export turnover of over 5.6 billion USD and import value of nearly 4.4 billion USD.
The Index of Industrial Production (IIP) of southern Binh Duong province rose by 7.09 percent in the first quarter of 2016 from a year earlier, according to the provincial People’s Committee.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
Illustrative photo (Photo: VNA)
